James M Schoonmaker Ii Foundation
- Assets
- $171.5m
- Revenue
- $47.0m
- Investments
- $162.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 59-6964359
Organization Overview
James M Schoonmaker Ii Foundation is located in Chicago, IL. The organization was established in 1992. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James M Schoonmaker Ii Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, James M Schoonmaker Ii Foundation generated $47.0m in total revenue. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 45.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, James M Schoonmaker Ii Foundation has awarded 56 individual grants totaling $2,206,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Northern Trust Company Trustee | 40 | $190,972 | |
Patrice H Schoonmaker Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,192,819 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,084,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,676,839 |
| Capital Gain Net Income | $16,676,839 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,954,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,972 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,898 |
| Total operating and administrative expenses | $377,242 |
| Contributions, gifts, grants paid | $1,200,000 |
| Total expenses and disbursements | $1,577,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,930,315 |
| Savings and temporary cash investments | $1,814,101 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,992,196 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,513,537 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, James M Schoonmaker Ii Foundation has awarded $1,200,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HUMANE SOCIETY OF NAPLES PURPOSE: GENERAL | $50,000 |
NAPLES BOTANICAL GARDEN PURPOSE: GENERAL | $25,000 |
VMI FOUNDATION INC PURPOSE: GENERAL | $2,000 |
NCH HEALTHCARE FDN PURPOSE: GENERAL | $30,000 |
KAPPA KAPPA GAMMA PURPOSE: GENERAL | $2,000 |
MYSTIC SEAPORT PURPOSE: GENERAL | $5,000 |